Elliott Hill, Nike
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- Shares of Nike (NYSE: NKE) were moving higher today after investors responded favorably to news that Bill Ackman's Pershing Square Capital Management Fund had taken a stake in the company, which was reported in Pershing Square's 13-F filing last night. As a result, shares of Nike were up 3.8% as of 11:43 a.m. ET on Thursday.Learn more:Shares of Nike (NYSE: NKE) were moving higher today after investors responded favorably to news that Bill Ackman's Pershing Square Capital Management Fund had taken a stake in the company, which was reported in Pershing Square's 13-F filing last night. As a result, shares of Nike were up 3.8% as of 11:43 a.m. ET on Thursday.www.nasdaq.com/articles/why-nike-stock-was-risin…Nike’s beleaguered stock was rising sharply after the company announced that its CEO would retire. The athletic shoe and apparel maker has been hurt in recent years from a slowdown in China and competition from upstarts like Deckers Outdoor’s Hoka brand and On Holding. Nike stock has fallen 24% this year including reinvested dividends.www.msn.com/en-us/money/topstocks/nike-ceo-to …
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